Market expectations and market misconceptions [Kou Mori]

Morio Akira's Profile

Economist. Affiliated with a think tank (United States). Specialties include exchange rate policy, monetary policy, macroeconomic policy, and financial regulation. Engages with market participants, financial authorities, and policy makers to analyze exchange rate trends from multiple perspectives.

History of the World's Central Banks

The three roles of the Bank of Japan are "the bank for banks," "the bank for the government," and "the note-issuing bank." It might be memorized or stored in memory for tests of society and citizens. On the other hand, readers may have little memory of when the Bank of Japan was established. Therefore, I would like to ask readers which country founded the oldest central bank in the world.

The oldest central bank in the world is the Sveriges Riksbank of Sweden, established in 1668. The second oldest central bank is said to be the Bank of England, founded in 1694 with private enterprise capital. The BOJ: Bank of Japan was established in 1882, and the FRB: Federal Reserve Bank in 1913. More recently, the ECB: European Central Bank was inaugurated in 1998.